BlackBerry Limited (NYSE:BB) saw an upside of 1.82% to close Tuesday at $4.47 after adding $0.08 on the day. The 5-day average trading volume is 3,054,840 shares of the company’s common stock. It has gained $4.48 in the past week and touched a new high 2 times within the past 5 days. An average of 3,624,325 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,091,876.
BB’s 1-month performance is -5.70% or -$0.23 on its low of $4.28 reached on 08/18/23. The company’s shares have touched a 52-week low of $3.17 and high of $6.42, with the stock’s rally to the 52-week high happening on 06/30/23. YTD, BB has achieved 37.12% or $1.21 and has reached a new high 18 times. However, the current price is down -30.37% from the 52-week high price.
Insider Transactions
BB stock investors last saw insider trading activity on Jun 28.ERIKSSON MATTIAS (President of IoT) most recently sold 11,126 shares at $5.56 per share on Jun 28. This transaction cost the insider $61,861. Chief Gv Aff & Pub Pol Officer, Dickman Marjorie, sold 28,237 shares at a price of $4.63 on Apr 03. Then, on Jan 03, President of Cyber Security GIAMATTEO JOHN JOSEPH sold 30,239 shares at a price of $3.42 per share. This transaction amounted to $103,417.
Valuation Metrics
BB stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.01 while the price-to-book (PB) in the most recent quarter is 3.04.
BlackBerry Limited’s quick ratio for the period ended May 30 was 0.90, with the current ratio over the same period at 0.90.. In terms of profitability, the gross margin trailing 12 months is 57.40%. The firm’s gross profit as reported stood at $419.0 million against revenue of $656.0 million.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1545.45% to -$11.0 million, while revenue of -$495.0 million was -4400.0% off the previous quarter. Analysts expected BB to announce -$0.05 per share in earnings in its latest quarter, but it posted $0.06, representing a 220.00% surprise. EBITDA for the quarter stood at more than $5.0 million. Shareholders hold equity totaling $583.24 million.
Let’s look briefly at BlackBerry Limited (BB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 40.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.59%.
The stock’s 5-day moving average is $4.40, reflecting a -0.22% or -$0.01 change from its current price. BB is currently trading -4.89% above its 20-day SMA, +12.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.20% and SMA200 by+1.36%.
Stochastic %K and %D was 19.58% and 11.84% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 40.93%, while the 14-day stochastic is at 31.20% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at -0.08 and -0.15 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for BlackBerry Limited (NYSE: BB), CIBC upgraded it to a Neutral rating. They previously had a Sector underperform rating on the stock. Analysts offering their rating for BB stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BB as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
